Miano calls for synergy in running of the ministry

The Ministry of Trade, Investment and Industry has said it will work closely with the government to ensure there is sufficient budget allocation that will enable a cohesive running of the three state departments.

Speaking during the signing of the performance contracts with the PSs, Cabinet Secretary for Investments, Trade & Industry, Rebecca Miano said the ministry is at the forefront of a much-desired economic recovery ,growth and transformation in investments.

“We should break the silo mentality in the ministry and establish a working One –Ministry Approach in the service delivery of our 10 strategies as informed by governments Bottom –Up Transformation Agenda,”she said.

According to Miano the deliverables include the implementation of a one-stop investment center, local and export warehouses, implementation of local content policy including management of exports and importation levy, financing of industrial and manufacturing projects, facilitation of domestic and foreign investments.

Others key priority areas include development and management of special economic zones, export processing zones, industrial parks and County Aggregation and Industrial parks(CAIPS), export and enhance market access for Kenyan goods and services, combat counterfeiting, develop an iron and steel industry, automotive pharmaceutical, building and construction material and value addition and agro processing in textiles and leather.

Principal Secretary for Trade, Alfred K’Ombudo said the manufacturing GDP has dropped from 10pc to 7.8pc but the government hopes to increase this through a number of supportive measures.

“We hope to increase this to 15pc by 2025 through a number of measures like addressing the global competitiveness in the cost of manufacturing, offering skilled manpower and also work hand in hand with KRA and the treasury in the taxation of raw materials within Kenya and the East African Community,” said K’ombudo.

The post Miano calls for synergy in running of the ministry appeared first on KBC.